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Stock impact report

BIO-key Secures $30M Contract for Biometric Security Solutions for African Telecommunications Company

BIO-key International, Inc. (BKYI) 
NASDAQ:AMEX Investor Relations: bio-key.com/investors
Company Research Source: GlobeNewswire
WALL, N.J. and LAGOS, Nigeria, March 11, 2020 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (Nasdaq: BKYI), an innovative provider of biometric software and hardware solutions for strong, convenient user authentication and large scale identity announced today that it has secured a $30 million contract for its biometric authentication platform through its partner Technology Transfer Institute of Africa (TTI) and the Company’s newly created subsidiary based in Africa.  The solutions, based on BIO-key’s WEB-key biometric security platform, will facilitate the enrollment of users and the positive identification of individuals for a telecommunications company in Nigeria, working in conjunction with its Nigerian identity supply partner, Chams PLC. Chams Plc, (NSE: CHAMS, Bloomberg: CHAMS: NL, Financial Times: CHAMS: LAG) BIO-key’s secure and flexible authentication platform allows customers to choose between securely managing biometric credentials centrally or on-device.  With the addi Show less Read more
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